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chinese economy. necessarily you know. the list and you're not it's. not. going to be. the united states. we'll leave it there for the moment no doubt the production team will get back to see if we can get a slightly better sounding but in the meantime thank you very much for your thoughts on this christopher lehman joining us live there from denmark. i spoke to him a little he's the author of. oil wars he says the new chinese leadership will have some serious challenges ahead. the easy years of the chinese economic miracle are behind them and what i've seen in my recent visits to try and over the last three or four years is a great sense of question. about western especially american economic model. is for going forward in china now the corruption that's a huge issue is population this is a pervasive sense among young people that the party leadership is not. in touch with aspirations of the younger generation or the people generally and this is a question of the very legitimacy of the party and that i think if we challenge that they're going to have to address you're g
chinese economy. necessarily you know. the list and you're not it's. not. going to be. the united states. we'll leave it there for the moment no doubt the production team will get back to see if we can get a slightly better sounding but in the meantime thank you very much for your thoughts on this christopher lehman joining us live there from denmark. i spoke to him a little he's the author of. oil wars he says the new chinese leadership will have some serious challenges ahead. the easy years...
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Nov 9, 2012
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the topic today is the economy. so i want to bring in richard socarides, a democratic analyst and former senior adviser to bill clinton, and ana navarrnav. a cnn contributor and republican strategist. we're going to hear from the president today on the economy. as he takes the podium, he was greeted with new comments from john boehner to diane sawyer. let's listen to the republican speaker. >> talk about all kinds of things we may disagree on. i'm the most reasonable responsible person here in washington. the president knows this. he knows that he and i can work together. now the election is over. now it's time to get to work. >> now, talking about forging some kind of deal on the fiscal cliff. and those words, ana, were really interesting to me. it seemed to me that the speaker was saying help me help you. if you don't want to have problems with the tea party in congress you better start dealing with me now, mr. president. what did it sound like to you, ana? >> it sounded exactly like that. i think it's interesting
the topic today is the economy. so i want to bring in richard socarides, a democratic analyst and former senior adviser to bill clinton, and ana navarrnav. a cnn contributor and republican strategist. we're going to hear from the president today on the economy. as he takes the podium, he was greeted with new comments from john boehner to diane sawyer. let's listen to the republican speaker. >> talk about all kinds of things we may disagree on. i'm the most reasonable responsible person...
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Nov 13, 2012
11/12
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it shouldn't hurt the economy. it is hard to be for more jobs but be hostile to people that create jobs. we have to grow the economy. part of it is timing. i hope we do get away from -- i hope we can get away from the us and you attitude. host: we have a tweet from k9 co-pilot. guest: i think there is some chance of that, yes. i think the line will be drawn at $1 million. the republicans would see that .s say a win that have to decide we do about investment income. it may go up to 20%. i don't think it'll go all the backup to what it was under president clinton. the short answer is yes. it will probably look a lot like it was under president clinton. next.pat is caller: i'm so thankful to be on. senator bayh, i have always admire you as a voice for working together in the democratic party. i think this election has proved one thing to most of us. if you had the afl-cio rounding up 400,000 people to march and do everything they can to elect the president, the republicans have not been that -- it takes to elect peopl
it shouldn't hurt the economy. it is hard to be for more jobs but be hostile to people that create jobs. we have to grow the economy. part of it is timing. i hope we do get away from -- i hope we can get away from the us and you attitude. host: we have a tweet from k9 co-pilot. guest: i think there is some chance of that, yes. i think the line will be drawn at $1 million. the republicans would see that .s say a win that have to decide we do about investment income. it may go up to 20%. i don't...
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find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune into cars a report. download the official application so choose your language stream quality and enjoy your favorite. t.v. is not required to watch all its hear all you need is your mobile device to watch our t.v. any time. there was a large good to have you with us the german chancellor has visited london full crucial talks with britain's prime minister about the e.u. budget. to urge david cameron not to veto any increase in spending something the u.k. parliament is insisting on. earth has the tale of the talks. on the surface of it angler merkel's come here to meet david cameron to discuss over dinner the budget meetings are taking place in just a verb a week's time in brussels but of course what you see not very smooth experience the very friendly and shaking hands that hides beneath the surface is very very troubled waters in the discussion you'd expect to run into some more awkward territory mainly being the whole discussion about britain's
find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune into cars a report. download the official application so choose your language stream quality and enjoy your favorite. t.v. is not required to watch all its hear all you need is your mobile device to watch our t.v. any time. there was a large good to have you with us the german chancellor has visited london full crucial talks with britain's prime minister...
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commentators who are arguing that mitt romney given the state of the economy could be another reagan carter where ronald reagan was able to beat jimmy carter in a poor economic climate and the reason that didn't happen and the reason why mitt romney really was no ronald reagan is because ron reagan connected with voters he was an actor he had that ability to even you know even though he. might not understand or or voters might not be able to connect with his his life style ronald reagan's life style i mean obviously he was he was very well off but at the same time he was able to to connect with them on a very personal level that twinkle in his eye they feel that they like to able to connect with democrat was democratic crossover democratic independent voters who he appealed to mitt romney didn't have that appeal so it wasn't the same kind of you know steve i mean i'm kind of neutral here on this one ok but i'll give. you're a man what credit for he's a great campaigner i don't know if he's a great president i don't know if he's a great politician but he's a great campaigner he was ju
commentators who are arguing that mitt romney given the state of the economy could be another reagan carter where ronald reagan was able to beat jimmy carter in a poor economic climate and the reason that didn't happen and the reason why mitt romney really was no ronald reagan is because ron reagan connected with voters he was an actor he had that ability to even you know even though he. might not understand or or voters might not be able to connect with his his life style ronald reagan's life...
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Nov 13, 2012
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economy. worries about a fiscal freefall, kept wall street stocks in check: the dow and nasdaq fell a fraction, while the s&p was up a fraction. american businesses are not only concerned about the fiscal showdown in washington, but also about corporate earnings. nearly all of the s&p 500 firms have reported numbers, and profit growth is the slowest since the recession in 2009. and the majority of firms are also reporting disappointing revenues. here's erika miller with a look back at the quarter, and a look ahead. >> reporter: earnings season is drawing to a close. and for many firms it's good riddance. nearly all of the s&p 500 have reported quarterly numbers, and according to s&p capital i.q., profits are up a measly 2%. thomson reuters and factset crunch the numbers slightly differently, and believe profits are actually down. the bigger concern is revenue growth. s&p has the most optimistic analysis with a 0.6% gain. the other two firms see negative growth. firms face an almost universal p
economy. worries about a fiscal freefall, kept wall street stocks in check: the dow and nasdaq fell a fraction, while the s&p was up a fraction. american businesses are not only concerned about the fiscal showdown in washington, but also about corporate earnings. nearly all of the s&p 500 firms have reported numbers, and profit growth is the slowest since the recession in 2009. and the majority of firms are also reporting disappointing revenues. here's erika miller with a look back at...
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find out what's really happening to the global economy with mike's concert for a no holds barred look at the global financial headlines tune into khan's report on r t. c. coming up to quarter past the hour here in moscow this is our life a major transfer of power has begun in china the country set to appoint its new tablet leaders next week as part of the communist party congress which is now under way president hu jintao has called on the nation to fight corruption prove its military and keep its economy growing beijing based journalist harry morton reports . president hu jintao begins to hand over the reins of power to the next generation of chinese leaders vice president xi jinping widely expected to become the next head of state now president hu he's going to stand down as general secretary at the end of this week paving the way as i say for she to take over as general secretary and then as head of states in march two thousand and thirteen reform has been a buzzword around this congress it's been mentioned a lot in state media in the build up so you this week and experts and analy
find out what's really happening to the global economy with mike's concert for a no holds barred look at the global financial headlines tune into khan's report on r t. c. coming up to quarter past the hour here in moscow this is our life a major transfer of power has begun in china the country set to appoint its new tablet leaders next week as part of the communist party congress which is now under way president hu jintao has called on the nation to fight corruption prove its military and keep...
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Nov 8, 2012
11/12
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economy, economists worry that, as the global economy slows down, u.s. exports may follow suit. hurricane sandy showed up in the latest report on jobless claims, making them artificially low. initial claims for unemployment benefits dropped by 8,000 to a seasonally adjusted 355,000 at the end of last week. the number is expected to be revised higher as more data is collected. the labor department says one state filed fewer claims because of power outages, while the storm boosted claims in other states where more people looking for relief. later in the program, we'll look at sandy's impact on retailers. >> tom: the biggest bank in america has the okay now from uncle sam to pay back shareholders. jpmorgan will be allowed to restart a stock buyback plan early next year. like all systemically important banks jpmorgan has to get regulatory approval to change its dividend or stock-repurchase plan. the regulators want banks toncnl firepower to withstand troubled times before the banks will spend money on share holders. jpmorgan's buyback strategy was suspended this year after it lost $
economy, economists worry that, as the global economy slows down, u.s. exports may follow suit. hurricane sandy showed up in the latest report on jobless claims, making them artificially low. initial claims for unemployment benefits dropped by 8,000 to a seasonally adjusted 355,000 at the end of last week. the number is expected to be revised higher as more data is collected. the labor department says one state filed fewer claims because of power outages, while the storm boosted claims in other...
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Nov 14, 2012
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economy. he has not been wedded to every detail of that plan. i will not negotiate hypothetical details. i was side speaker banner and say i am not in the position of boxing ourselves and others. he looks forward to the meeting with leaders in congress. and as clear principles fam belief that we can reach a compromise is comparable. it would allow us to address the fiscal cliff challenges in the economic and fiscal challenges we face as a nation. >> is he just taking principles then? will he have any concrete to put on the table? negotiators have to know each other halfway. does congress have to meet him halfway? >> i appreciate the projection that he does not have a plan he is bringing to the table. it is the most specific plan there is. it has been on the table for some time. that is what he believes the right approach. he is not wedded to every detail. there is a challenge chair. for anyone who put forward alternative approaches to prove that the numbers add up. one thing we know about the
economy. he has not been wedded to every detail of that plan. i will not negotiate hypothetical details. i was side speaker banner and say i am not in the position of boxing ourselves and others. he looks forward to the meeting with leaders in congress. and as clear principles fam belief that we can reach a compromise is comparable. it would allow us to address the fiscal cliff challenges in the economic and fiscal challenges we face as a nation. >> is he just taking principles then? will...
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people want to fix the economy. we're looking at the disco clef. we need to get together and try to solve some of these problems, this time in a bipartisan way because the republicans have the house. we ccnnot continue on the path we have been on. alyeska president right now, please, please, please sit down and try and solve these problems. the american business community cannot afford obamacare. we like it. i understand what you wanted to do. it just isn't going to work. want to help you and create jobs. we want to succeed everyone you to succeed, but it will not happen on this past. gerri: a personal appeal to the president right there. very articulately done. i want to turn to you. the fiscal cliff. the cbs sakes tending all expired tax cuts would boost gdp by one-half percentage seems like a good goal to meet. what does your organization send this? >> i think that what you saw back in august when the ceo looked at the expiration we would have almost -- we will almost certainly move back into recession and actually a contraction of potentially f
people want to fix the economy. we're looking at the disco clef. we need to get together and try to solve some of these problems, this time in a bipartisan way because the republicans have the house. we ccnnot continue on the path we have been on. alyeska president right now, please, please, please sit down and try and solve these problems. the american business community cannot afford obamacare. we like it. i understand what you wanted to do. it just isn't going to work. want to help you and...
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find out what's really happening to the global economy. there are no holds barred look at the global financial headlines two kinds a report. looks well to the. slaves technology innovation all the latest developments from around russia we've. covered. but. just. this.
find out what's really happening to the global economy. there are no holds barred look at the global financial headlines two kinds a report. looks well to the. slaves technology innovation all the latest developments from around russia we've. covered. but. just. this.
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Nov 8, 2012
11/12
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let's talk about the economy here, though, with the fiscal clip. you heard john boehner willing to accept new revenue. heaharry reid in the senate, saying you can't push us around anymore. is this language that begins compromise. >> it will begin compromise, but it may be far more horrowing. it may be it takes place next year, rather than this year. the problem is john boehner himself has one more election. he wants to be re-elected as speaker of the house. that does not take place until january 3, 2013. if he cuts a deal with barack obama, he faces a serious revolt in his own caucus. >> tom: is your caution then don't expect a fiscal clip solution before january 3rd? is that what investors to expect? >> the best way out of this impasse for the time being, is gracious gesture for the president-elect, re-elect, president obama, he should offer to extend the tax cuts perhaps until march of next year. giving john boehner an opportunity to win his own re-election, and gather some goodwill on the republican side of the aisle. if mr. obama doesn't see it
let's talk about the economy here, though, with the fiscal clip. you heard john boehner willing to accept new revenue. heaharry reid in the senate, saying you can't push us around anymore. is this language that begins compromise. >> it will begin compromise, but it may be far more horrowing. it may be it takes place next year, rather than this year. the problem is john boehner himself has one more election. he wants to be re-elected as speaker of the house. that does not take place until...
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Nov 15, 2012
11/12
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the economy, which is what he is doing with a tax increase, just over fairness. you know, i never called president obama a socialist, i have been on shows that people made me say this, but think about what he does, he is saying i don't care about the economy or unemployment, i just want to achieve my overall aim, that is to expand the size of government. neil: we know he is putting much more emphasis, his idea of a planned approach on revenues than on spending. progressive i talk to does not matter. they talk about waste, fraud and abuse program, as far as they go. >> they are so tunnel vision, they think that bill clinton raised taxes and automatically the economy to off, that did not happen. neil i know the gardener of the white house, their thinking is, wall street hates us, so woot has done great since we came into offers. >> that is not wall street. neil: and gardner knows, and said, look they can bitch all they want. we have been good for wall street. >> we have printed money, we have not been good for wall street,by should point out average investors are n
the economy, which is what he is doing with a tax increase, just over fairness. you know, i never called president obama a socialist, i have been on shows that people made me say this, but think about what he does, he is saying i don't care about the economy or unemployment, i just want to achieve my overall aim, that is to expand the size of government. neil: we know he is putting much more emphasis, his idea of a planned approach on revenues than on spending. progressive i talk to does not...
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Nov 10, 2012
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you have an economy that plunges. you have gdp that plunges and you don't have a way to dig out of that. >> if you do go over the fiscal cliff think don't think anyone on this program thinks will happen, really, if you do go over the fiscal cliff, you'll suffer the consequences. the world will suffer the consequences. there's no doubt. what worries me is a mini bargain that fudges the cliff for a moment but does nothing to fundamentally start to address the bigger problems. >> why would you be worried about that? >> because we're at crunch moment. i don't think getting back from the fiscal cliff is going to be that difficult. the moment the reality hits, everyone concerned, common sense will prevail. but what happens after that? >> christine? >> washington showed such terrible leadership in this. it's really horrific. ali, they say it's not going to happen. they don't know how we're going to get there. they also don't team so get even a few days off the fiscal cliff is enough to really hurt stock markets. to really hu
you have an economy that plunges. you have gdp that plunges and you don't have a way to dig out of that. >> if you do go over the fiscal cliff think don't think anyone on this program thinks will happen, really, if you do go over the fiscal cliff, you'll suffer the consequences. the world will suffer the consequences. there's no doubt. what worries me is a mini bargain that fudges the cliff for a moment but does nothing to fundamentally start to address the bigger problems. >> why...
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as the number one economy by the end of twenty six to. save all that stricken spain has found yet another way to try and we fill its budget the country plans to sell around one hundred prime state properties by twenty six deign to say this could bring the country almost three billion euros in total. and speaking about
as the number one economy by the end of twenty six to. save all that stricken spain has found yet another way to try and we fill its budget the country plans to sell around one hundred prime state properties by twenty six deign to say this could bring the country almost three billion euros in total. and speaking about
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Nov 8, 2012
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it is investment led economy. export sectors are suffering because they represent the largest number of jobs really in the economy. and labor and jobs really for china is very important and very key. so that we will see policies addressing the unemployment issue. and certainly in europe, policies do need to ensure that the unemployment figure has come down. it probably won't be in the next year or so, but certainly in the medium for longer term, we need to make sure that the labor issue is addressed both sides of the atlantic. >> no one has patience for anything that takes more than a couple of days at this point it would seem. thank you very much for joining us this morning. >>> with some corporate news, profit at china's top pc maker grew at its slowest pace this more than two years in the second quarter. gentlemen, lenovo netted higher than roit estimates. shares were done ahead of the earnings release and you can see down about 2.7%. and fresh data from japan suggests the world's third biggest economy is inchi
it is investment led economy. export sectors are suffering because they represent the largest number of jobs really in the economy. and labor and jobs really for china is very important and very key. so that we will see policies addressing the unemployment issue. and certainly in europe, policies do need to ensure that the unemployment figure has come down. it probably won't be in the next year or so, but certainly in the medium for longer term, we need to make sure that the labor issue is...
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this economy is awfully weak. imposing taxes to not be reduced at a time like this -- that's just not good. gerri: son's he took office, it has gone up trillions of dollars. what's the best way to get this done? you don't like raising taxes, but how do you go about the most expected way to get more money into the federal government. i hate to even say that, it sounds like a horrible thing. but if the economy were to go, how do we deal with this? >> in the last year before the crisis, the budget was only 161 billion. now it's over a trillion dollars. only half of that can be justified more and more. the rest of it is additional benefits and programs and so forth that mr. obama, and before him, speaker nancy pelosi insisted on. why don't we roll back pull back to the level of real spending adjusted for inflation that we had when president bush took office. this is obama's deficit. it's not bush's deficit. 161 billion, we had all the tax cuts in place. thankfully, we have the prescription drug coverage. gerri: is tha
this economy is awfully weak. imposing taxes to not be reduced at a time like this -- that's just not good. gerri: son's he took office, it has gone up trillions of dollars. what's the best way to get this done? you don't like raising taxes, but how do you go about the most expected way to get more money into the federal government. i hate to even say that, it sounds like a horrible thing. but if the economy were to go, how do we deal with this? >> in the last year before the crisis, the...
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economy which as we know is struggling at the moment and really for people here in the u.k. very difficult to make ends meet at the moment so this is a topic that's rousing a lot of anger from the british public. reporting there from london and while britain hunts for tax avoiders to cover its deficit it's still austerity all the way for portugal the german chancellor personally reassured lisbon saying pay cuts and tax hikes so painful will at the end of the day save it but i agree citizens are not buying her optimism. and trying to turn your top look at the challenges facing the growing economy and whether the new leaders can tackle them. for now as if losing cia director david petraeus over having an affair last week wasn't enough now washington's chief commander enough. don has become embroiled in the same scandal. stood down last friday off to admitting to infidelity but the story does not end there general john allen who commands nato troops in afghanistan is being accused of exchanging quote inappropriate e-mails with jill kelley as the woman who competed for patricia'
economy which as we know is struggling at the moment and really for people here in the u.k. very difficult to make ends meet at the moment so this is a topic that's rousing a lot of anger from the british public. reporting there from london and while britain hunts for tax avoiders to cover its deficit it's still austerity all the way for portugal the german chancellor personally reassured lisbon saying pay cuts and tax hikes so painful will at the end of the day save it but i agree citizens are...
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Nov 14, 2012
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economy of the fiscal cliff. expectations remain mixed for fancier retailers, but some experts predict the debate in washington over taxes will simply delay holiday purchases made by wealthy americans. >> i would expect that holiday spend won't get impacted as much. some of the larger wealth items, tax planning, estate planning, that's where their focus will be. itmay fer some of it bause they've been preoccupied. >> reporter: tom jacobsen tracks consumer spending behavior and believes the fiscal cliff will impact shopping patterns. he says in an uncertain economy retailers will need to pay close attention to pricing. >> as the confidence erodes, you might need more discounting to sell a luxury good. but that extra discounting won't take away from that good-feeling luxurious. >> reporter: according to a study out today, half of u.s. consumers still plan to buy make a small luxury purchase in the next six months. of those, 53% want specialty food or drinks, 48% are in the mood for luxury clothing, and 48% are look
economy of the fiscal cliff. expectations remain mixed for fancier retailers, but some experts predict the debate in washington over taxes will simply delay holiday purchases made by wealthy americans. >> i would expect that holiday spend won't get impacted as much. some of the larger wealth items, tax planning, estate planning, that's where their focus will be. itmay fer some of it bause they've been preoccupied. >> reporter: tom jacobsen tracks consumer spending behavior and...
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Nov 11, 2012
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focused on the economy and wanted to make the obama economy, but he woke up wednesday morning and probably saw an exit poll figure that had him devastated for people, 50% of the electorate still thought this economy was george w. bush's fault. it's astonishing. >> it's astonishing. >> and one of the failures, not making a distinction in the campaign, the theme explanation why he would be different than george w. bush. when we come back, the soul searching begins as republicans face another four years of a democrat in the white house and at least two more in the senate minority. what the party needs to do to what the party needs to do to regroup for 2 2 2 2 2 2 hey! did you know that honey nut cheerios has oats that can help lower cholesterol? and it tastes good? sure does! wow. it's the honey, it makes it taste so... well, would you look at the time... what's the rush? be happy. be healthy. >> another white house loss for the g.o.p. coupled with their failure once again to take back the senate. many in the party calling for change. what can republicans do to regroup for 2014 and beyond. ja
focused on the economy and wanted to make the obama economy, but he woke up wednesday morning and probably saw an exit poll figure that had him devastated for people, 50% of the electorate still thought this economy was george w. bush's fault. it's astonishing. >> it's astonishing. >> and one of the failures, not making a distinction in the campaign, the theme explanation why he would be different than george w. bush. when we come back, the soul searching begins as republicans face...
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does not grow the economy. so what we need is to focus more on the investments that will not only educate people and get people back to work and create opportunities, but also things that actually help people who have jobs get back to work, the investments -- >> arthel: forgive me, but i've got to give matt 20 seconds. go ahead. >> we just had an election. let's put the talking points aside. let's agree whether you're republican or democrat and you're sitting in that oval office, you've got to get this economy growing. it's an anemic economy. you're not going to grow it by raising taxes on any job creators. if you try raise it on high income earners, you're raising taxes on small businesses. that means his presidency is going to go down as a failure. i think he's smarter than that. i hope he reaches out and takes speaker boehner on his offer. >> arthel: it will take some reaching out on all sides. that's my two cents. matt, we want what's best for the country. alexis, thank you so much, good to see both of you.
does not grow the economy. so what we need is to focus more on the investments that will not only educate people and get people back to work and create opportunities, but also things that actually help people who have jobs get back to work, the investments -- >> arthel: forgive me, but i've got to give matt 20 seconds. go ahead. >> we just had an election. let's put the talking points aside. let's agree whether you're republican or democrat and you're sitting in that oval office,...
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the current leadership prepared to step down to the younger leaders develop the country's powerhouse economy. plus becoming over the budget britain's david cameron and chancellor german chancellor angela merkel failed to agree on a new spending plans during talks in london. is three pm in moscow this is archie coming to you live i'm lisa now with our top story and anger and violence have spilled over onto the streets of athens with police using tear gas and water cannons against greeks protesting truck corney a new budget cuts turn demonstrators hurled petrol bombs with more than one hundred detained as a country is part of them and pass an austerity package aimed at securing the latest battle out artie's peter all of our reports from athens. what we have seen though is anger on the streets of athens we saw a crowd of around one hundred thousand people gather in the in the square just behind me in front of of the parliament building not quite quickly escalated into violent clashes between police and protesters in a matter of seconds downtown athens went into essentially in war zone for a cou
the current leadership prepared to step down to the younger leaders develop the country's powerhouse economy. plus becoming over the budget britain's david cameron and chancellor german chancellor angela merkel failed to agree on a new spending plans during talks in london. is three pm in moscow this is archie coming to you live i'm lisa now with our top story and anger and violence have spilled over onto the streets of athens with police using tear gas and water cannons against greeks...
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ten years from the world large economy the united states economy onload united states where a lot. more. all of the laws of we have a largely successful mordieu which is working for us but i think if this more there is really success its impact will go well beyond the chinese border. should not worry that much in china's rise been a lot of opportunities for the united states as well. meanwhile the country is once again after the final frontier common at samarra you can log on to our t.v. dot com to learn more about china's next manned space mission which is set for takeoff this june. also for you trigger happy president obama's reelection promise americans to stop a. on guns and ammo you can find out more. well while the libyan town of bani walid is still struggling to heal the scars of the siege which took place less than one month ago libya is touting itself as a new travel hotspot artist sara furthur visited the world travel market in london to find out why tour operators remain silent on the tragedy we're here at the world travel market a trade taking place in london or people
ten years from the world large economy the united states economy onload united states where a lot. more. all of the laws of we have a largely successful mordieu which is working for us but i think if this more there is really success its impact will go well beyond the chinese border. should not worry that much in china's rise been a lot of opportunities for the united states as well. meanwhile the country is once again after the final frontier common at samarra you can log on to our t.v. dot...
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it hurt the economy. so i'm proud to be in new jersey where our folks are far more centrist and you don't have the kind of extremes. i'm really worried about a congress, this is republicans losing people like olympia snow who are leaving, dick lugar getting beat on the right. having guys like john mccain and hatch have to run far to their right just to keep their offices. this is very perilous for our country. i'm looking for us to go back where you had guys like ronald reagan and tip o'neill who reached across the aisle. >> friends in the newt gingrich second term worked very well together. >> i think we have the right president for that. but we need the right leadership coming out of congress that's going to rise up to the challenge and bring our nation together. most of us in the country are not on the margin. most of us, however we identify, republican or democrat, we have so much more in common than we do apart. that's where we hope that our government will follow where the people are. >> that's so t
it hurt the economy. so i'm proud to be in new jersey where our folks are far more centrist and you don't have the kind of extremes. i'm really worried about a congress, this is republicans losing people like olympia snow who are leaving, dick lugar getting beat on the right. having guys like john mccain and hatch have to run far to their right just to keep their offices. this is very perilous for our country. i'm looking for us to go back where you had guys like ronald reagan and tip o'neill...
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Nov 11, 2012
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felt by the total economy. nevertheless, the growing gap, which is then resulting in necessitating more and more borrowing can't be sustained. we have to either cut back more or create a balance of revenue and spending reductions, and i think -- i can tell you in california, you can only cut schools and university so much and then people say enough already, and that's exactly what they said on election night tuesday. >> and you see that having a national implication? >> yes, because i think schools and universities are not partisan issues. what kind of a hospital situation you have in local cities and counties. everything worked -- when government gets excessive, yeah, people want to pull it back. that was the tax revolt. but when the private sector begins to, you know, have more and more and the public sector is starved, people know that. it's commonsense. you need it's not is the left rr is the right right. each according to its due. if i can quote a biblical text. render what is god's and what is caesars. th
felt by the total economy. nevertheless, the growing gap, which is then resulting in necessitating more and more borrowing can't be sustained. we have to either cut back more or create a balance of revenue and spending reductions, and i think -- i can tell you in california, you can only cut schools and university so much and then people say enough already, and that's exactly what they said on election night tuesday. >> and you see that having a national implication? >> yes, because...
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economy forward the positives are low energy prices the export sector some other sectors of the economy they're doing relatively well but if the job market doesn't come back lauren then that's what's really going to weigh on housing if you have people renting instead of buying and then that's going to be a very tough situation to just soak up all of that inventory that we have and so many of these markets well speaking of every rantel i mean that's one of the things that we here are private equity investors getting in buying houses to rent them kind of a new way to say our batsmen strategy. a lot of talk behind this and i know there is action you say in some markets is private equity money is actually creating bubbles but the can this kind of money this kind of homebuyer fuel a recovery because in the past it hasn't been investors or even first time buyers that have driven the bread and butter of housing in the us hasn't been just mortgage homeowners that move every six to eight years into another home yes and no i mean if you looked at florida if you look at arizona those markets there
economy forward the positives are low energy prices the export sector some other sectors of the economy they're doing relatively well but if the job market doesn't come back lauren then that's what's really going to weigh on housing if you have people renting instead of buying and then that's going to be a very tough situation to just soak up all of that inventory that we have and so many of these markets well speaking of every rantel i mean that's one of the things that we here are private...
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>> the economy might be recovering. if the recovery is not complete or if growth is tepid and slow and jobs do not come back by the time of the next presidential campaign, how will that affect the types of policies that candidates will propose? different solutions and how people might change electorally. >> i think given polling data and the uncertainty of it these days, i think there were a lot of reasonable predictions you could have made from getting barack obama to 332 would have been a reasonable prediction. getting over 304 mitt romney was within the realm of possibilities, or a reasonable person could conclude. there are lots of issues in polling now that carolina has been following closely better generally troubling to a lot of pollsters. polling procedures are developed in a nation that had landline telephones and a population that answer the phone. we do not live in such a nation anymore. peter researchers found 9% of calls resulted in a complete interview. in 1997 was 37%. is the representative of the larger
>> the economy might be recovering. if the recovery is not complete or if growth is tepid and slow and jobs do not come back by the time of the next presidential campaign, how will that affect the types of policies that candidates will propose? different solutions and how people might change electorally. >> i think given polling data and the uncertainty of it these days, i think there were a lot of reasonable predictions you could have made from getting barack obama to 332 would...
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Nov 14, 2012
11/12
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the economy is improving. the question is now, what sort of hit can the economy take? the two partiest party agreed that households below $250,000 should be extended. caller: what you want to hear from members of congress? what is your big question for republicans and democrats as they head into these fiscal cliff talks? guest: i want to know what the parameters of compromise. i want to know from the democrats, was entitlement cuts are they willing to agree to is part of a grand deficit deal? i want to know how they are thinking about dealing with the sequester. and from the republicans, want to know what sort of revenue would they be open to? republicans did not want to necessarily see increased tax rates but there would be open to some sort of revenue. what does that look like? how else can you get that revenue? >> nancy cook, national journal, thank you for joining us. caller: thank you for having me. host: next up we will speak to congressman kevin brady, and other members of congress. >> it is 7:47 eastern. if congress works on the so- called fiscal cliff, preside
the economy is improving. the question is now, what sort of hit can the economy take? the two partiest party agreed that households below $250,000 should be extended. caller: what you want to hear from members of congress? what is your big question for republicans and democrats as they head into these fiscal cliff talks? guest: i want to know what the parameters of compromise. i want to know from the democrats, was entitlement cuts are they willing to agree to is part of a grand deficit deal? i...
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economy accounts for 23% of the world's economy and india is 7. in 2030, according to the oecd predictions, china will be 29% of the world economy, the u.s. will be 18 and india will be 11. and those are, i think, really worthwhile numbers to keep in our mind as we talk about u.s. competitiveness in the world economy, because we're entering this entirely new era where the u.s. is going to be a big player in the world economy but no longer the preeminent, the very largest one, and i think that brings real challenges and requires a whole new way of thinking. so my opening remarks, steve was introduced, i think quite rightly, as a guy who i hope is getting cases of champagne and bouquets of flowers from the white house. because on certain readings you could say, you know, he's the guy who got the president reelected. that means, i believe, he has great insight into what obama's second term economic policy will be -- [laughter] and the big question on the agenda which i think certainly already tremendous bearing on u.s., on the u.s. domestic economy a
economy accounts for 23% of the world's economy and india is 7. in 2030, according to the oecd predictions, china will be 29% of the world economy, the u.s. will be 18 and india will be 11. and those are, i think, really worthwhile numbers to keep in our mind as we talk about u.s. competitiveness in the world economy, because we're entering this entirely new era where the u.s. is going to be a big player in the world economy but no longer the preeminent, the very largest one, and i think that...
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ten years from now in the world you have a large economy going the united states economy on like united states well north. of. all of the laws of we have been largely successful or more do which is working for us but i think if this more there is really a success its impact will go well beyond the chinese border. should not worry that much in china's rise to be a lot of opportunities for the united states as well. meanwhile the countries are also looking to rise above the stratosphere in the summer long i learned more about china's manned space mission set for takeoff this year. and trigger happy president obama's reelection promise americans to stock up on towns and ammunition find out why online. several high ranking russian officials lost their jobs this week in the wake of corruption allegations shaking the country's military the defense minister his first deputy and joint chief of staff where replaced after the ministry was drawn into the scandal over the alleged selling off of assets at well below market value meanwhile russia's space industry is also in the throes of a corruption
ten years from now in the world you have a large economy going the united states economy on like united states well north. of. all of the laws of we have been largely successful or more do which is working for us but i think if this more there is really a success its impact will go well beyond the chinese border. should not worry that much in china's rise to be a lot of opportunities for the united states as well. meanwhile the countries are also looking to rise above the stratosphere in the...
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Nov 14, 2012
11/12
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as america demands compromise, on growing the economy and avoiding the fiscal cliff. the president today hosted an old fashioned lefty summit filled with labor chiefs and foreign liberal groups. he went to them ahead of business and the politicians are going to come later on friday. they are going to consider mitt romney's plan. he lost the election but might his ideas win out in the end? plus obamacare, continues to take it's toll on jobs. and one ceo's comments about it's plan are spurring a national movement to eat pizza. 48 days until the biggest tax hike in the history of the planet earth. president obama put labor and local interest groups to who knows what. senate minority leader had the perfect response on the senate floor today please take a lis ebb. >> the amount of revenue that they are prepared to put usual over the cliff over wouldn't fund the government for one week. so why in the world would we want to do that? what is the point? to make people feel good about whacking somebody else. >> so what is your answer to what mitch mcconnel said? go after rich p
as america demands compromise, on growing the economy and avoiding the fiscal cliff. the president today hosted an old fashioned lefty summit filled with labor chiefs and foreign liberal groups. he went to them ahead of business and the politicians are going to come later on friday. they are going to consider mitt romney's plan. he lost the election but might his ideas win out in the end? plus obamacare, continues to take it's toll on jobs. and one ceo's comments about it's plan are spurring a...
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>> piers i do believe the economy is ip pron proving. one of the reasons the economy is improving is that it was brave. it was not a popular decision at the time. it was brave to move forward on the recovery act. without that, we would have slid into a second great depression. it was brave to stand up the financial industry when it was on collapse. because he understand that we needed to move the economy forward. and now we are reaping the benefits of that. i believe that gives us a chance to move forward on a series of fronts and further strengthen our economy. we are not losing 800,000 jobs a month anymore. we are gaining them. and that foundation that has been laid it is a foundation on which we can build progress. >> one is i understand that the first person that the president called after knowing that he won was bill clinton, is that right? >> yes. >> well there is no question about it. as he said to president clinton, he was the most valuable player in this campaign,ing and you know, we got a chance to spend some time with presiden
>> piers i do believe the economy is ip pron proving. one of the reasons the economy is improving is that it was brave. it was not a popular decision at the time. it was brave to move forward on the recovery act. without that, we would have slid into a second great depression. it was brave to stand up the financial industry when it was on collapse. because he understand that we needed to move the economy forward. and now we are reaping the benefits of that. i believe that gives us a...
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economy on just one hand there are just five of them. and they are the usual suspects goldman sachs j.p. morgan chase wells fargo bank of america and citigroup total assets equal eight point five trillion dollars which is fifty six percent of our entire economy in two thousand and seven we learned the consequences of disproportionate wealth and power concentrated in the hands of just a few companies in one company begins to fail they all begin to fail and when they all fail that's what collapse looks like that's why policymakers labeled the banks too big to fail and bail them out to prevent total collapse but today these banks are even bigger and thanks to globalization their tentacles are wrapped around the entire world's economy it would just be the united states imploding the next time these giants fall take out much of planet earth itself this is the danger of raw unfettered unregulated laissez faire capitalism this is where the demands for higher and higher quarterly profits take down the company the economy eventually companies beg
economy on just one hand there are just five of them. and they are the usual suspects goldman sachs j.p. morgan chase wells fargo bank of america and citigroup total assets equal eight point five trillion dollars which is fifty six percent of our entire economy in two thousand and seven we learned the consequences of disproportionate wealth and power concentrated in the hands of just a few companies in one company begins to fail they all begin to fail and when they all fail that's what collapse...
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. >> why do they see a sour economy? >> government is growing bigger and stephan, about 24%, study after study has shown, as government takes over a bigger percentage of gdp, it surely will, faster than perceived or forecast at gdp growth, it crowds out private investor and growth period in the economy, slower growth means fewer jobs, that's why you see the list we had at the beginning and why the list will grow longer as the weeks unfold. >> okay, tobin, the next four years, bigger government, what's it mean for the unemployment rate? >> well, brenda, you know, that if bigger government meant for more employment, california and france would have the most vital economies in the world. i've been in a lot of different parts of the country speaking with small business people and you know, my conference of course, drew millions. the exciting one that they couldn't get to get to. (laughter) the lecture how to keep your company below 49 employees and avoid obamacare, and i listened to the guy talk and the number one conclusion
. >> why do they see a sour economy? >> government is growing bigger and stephan, about 24%, study after study has shown, as government takes over a bigger percentage of gdp, it surely will, faster than perceived or forecast at gdp growth, it crowds out private investor and growth period in the economy, slower growth means fewer jobs, that's why you see the list we had at the beginning and why the list will grow longer as the weeks unfold. >> okay, tobin, the next four years,...
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find out what's really happening to the global economy cause a report on r.g.p. . would be soon which brightened if you knew about sun from feinstein. who finds time time t.v. . when i was on your bush show in this show we trace the wars obama faces in the next four years coming up an exclusive interview with a rock a leg obama. war with iran has already started and your textbook guide how not to invade a foreign country. as a bomb of draws but to the white house for a second wales the president for a tough interview on his foreign policy but he chose an easier ride from the mainstream media so we'll use a little bit. you promised change we can believe did tell us about your achievements. i've sent troops to afghanistan. record numbers of army suicides and defections. doctors say they've never seen such horrific injuries from improvised explosive devices i think that's unbelievable. you won the nobel peace prize that puts you in superstar company that's right kissinger one while he was secretly shelling gamba this year's winner the european union illegally bombed l
find out what's really happening to the global economy cause a report on r.g.p. . would be soon which brightened if you knew about sun from feinstein. who finds time time t.v. . when i was on your bush show in this show we trace the wars obama faces in the next four years coming up an exclusive interview with a rock a leg obama. war with iran has already started and your textbook guide how not to invade a foreign country. as a bomb of draws but to the white house for a second wales the...
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Nov 11, 2012
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economy could be plunged back into recession. avoiding the fiscal cliff will require compromise, something that's been in short supply in washington over the last few years. stephen moore joins me again. john boehner, stephen, says they will accept higher tax revenues, but not higher taxes. explain that. >> it's not that complicated. we all agree the best way to bring this up is to bring the growth rate up from the 1% we've had in the last year or so. number two, when i talk to republicans, he said, look, we're willing to put these higher revenues on the table. we're willing to close the loopholes in the tax system, get rid of a lot of the car vouts that people benefit from those are rich people. i think republicans are willing to compromise on this. i have to say this. i'm frustrated wall of you on this, because yes, we have a fiscal cliff that's going to hit in january. but let's not forget the whole context of this. we are running $1.2 trillion deficits and we can't keep doing that year after year after year. we have to come u
economy could be plunged back into recession. avoiding the fiscal cliff will require compromise, something that's been in short supply in washington over the last few years. stephen moore joins me again. john boehner, stephen, says they will accept higher tax revenues, but not higher taxes. explain that. >> it's not that complicated. we all agree the best way to bring this up is to bring the growth rate up from the 1% we've had in the last year or so. number two, when i talk to...
SFGTV2: San Francisco Government Television
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Nov 12, 2012
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i would like to welcome you for the dialogue on the shared economy. spur is a non-profit organization. we support good planning and government research and advocacy. we put ideas and action together to make a better city and region. please raise your hands if you are a member. one hand, actually. they keep your support. it means a lot to us. if you did not raise your hand -- thank you for your support. it means a lot to us. if you did not raise your hand, i encourage you to become a member. members receive our publication and get into all the events free or with the members' discount. tonight will be recorded for distribution on the website. this will include the audience question and answers section. i would like to invite you to two upcoming events this week. tomorrow at 12:30, the history of proposition 13. on thursday it 12:30, the city budget and regional calendar. now to our panelists and moderator. the first panelist is just gonna scorpio -- jessica scorpio of get around. it creates a marketplace for peer to peer car sharing. she completed the
i would like to welcome you for the dialogue on the shared economy. spur is a non-profit organization. we support good planning and government research and advocacy. we put ideas and action together to make a better city and region. please raise your hands if you are a member. one hand, actually. they keep your support. it means a lot to us. if you did not raise your hand -- thank you for your support. it means a lot to us. if you did not raise your hand, i encourage you to become a member....
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is worrying that the chinese economy will overtake it in size in a few years well actually it's been slowing down so basically to prevent that from coming into a really hard landing the new government needs to undergo a lot of reforms so we're talking about that in a couple of minutes of business. in japan the average height for men is one hundred eighty two centimeters ten centimeters shorter because of that some employers refused to hire me one of them even told me directly that i was too short to deal with the client's computers already spent three months in this hospital and plans to stay for another four to add the coveted seven santa majors to his stature invented by the famed soviet orthopedic is good for you is there a from the nineteen fifties these frames were initially used to treat fractures in deformities by cutting bones and slowly pulling them up or therefore stimulating tissue regeneration it was out of was able to receive arms and legs and people who thought they were crippled for life be sent to the other patients shattered bones and in many cases their shattered li
is worrying that the chinese economy will overtake it in size in a few years well actually it's been slowing down so basically to prevent that from coming into a really hard landing the new government needs to undergo a lot of reforms so we're talking about that in a couple of minutes of business. in japan the average height for men is one hundred eighty two centimeters ten centimeters shorter because of that some employers refused to hire me one of them even told me directly that i was too...
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focused on the economy and wanted to make the obama economy, but he woke up wednesday morning and probably saw an exit poll figure that had him devastated for people, 50% of the electorate still thought this economy was george w. bush's fault. it's astonishing. >> it's astonishing. >> and one of the failures, not making a distinction in the campaign, the theme explanation why he would be different than george w. bush. when we come back, the soul searching begins as republicans face another four years of a democrat in the white house and at least two more in the senate minority. what the party needs to do to 5-hour energy? 5-hour energy supports the avon foundation for women breast cancer crusade. so i can get the energized feeling i need and support a great cause? i'm sold. pink lemonade 5-hour energy? yeah and a portion of every sale goes to the avon foundation for women breast cancer crusade. i'm sold. new pink lemonade 5-hour energy. get the alert, energized feeling you need and support breast cancer research and access to care. >> another white house loss for the g.o.p. coupled with th
focused on the economy and wanted to make the obama economy, but he woke up wednesday morning and probably saw an exit poll figure that had him devastated for people, 50% of the electorate still thought this economy was george w. bush's fault. it's astonishing. >> it's astonishing. >> and one of the failures, not making a distinction in the campaign, the theme explanation why he would be different than george w. bush. when we come back, the soul searching begins as republicans face...
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it wasn't about the economy. if it had been, as the polls suggested, mitt romney would have won. >> well, it should have been about the economy but i think that the democrats did an amazing job of making this -- really amplifying what is clearly a problem within the republican party, how we're messaging about women. the fact that we were even discussing birth control, the fact that, you know, the whole forcible rape was even part of the conversation when the polls clearly show i think that millenials are moving in a much more libertarian position when it comes to social issues. they might not necessarily be democrats but -- and they might not be republicans yet but i think that socially, libertarian is the direction the country is going. >> it may not be america's going liberal. what it is is rejecting extreme positions. i think the problem mitt romney got himself into, at his heart he's really a moderate. when you look at when he was governor in massachusetts, he wasn't that far right at all but he had to go muc
it wasn't about the economy. if it had been, as the polls suggested, mitt romney would have won. >> well, it should have been about the economy but i think that the democrats did an amazing job of making this -- really amplifying what is clearly a problem within the republican party, how we're messaging about women. the fact that we were even discussing birth control, the fact that, you know, the whole forcible rape was even part of the conversation when the polls clearly show i think...
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MSNBC
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this will bring jobs home, result in a stronger, healthier economy and a stronger, healthier economy means more americans working and more revenues, which is what the president is seeking. this framework can lead the common ground and i hope the president will respond today in that same spirit. as i said on wednesday, this is an opportunity for the president to lead. this is his moment to engage the congress and work towards a solution that can pass both chambers. earlier this week the president and i had a short conversation. it was cordial. i think we both understand that trying to find a way to averlt the fiscal cliff is important for our country. and i'm hopeful that productive conversations can begin soon so that we can forge an agreement that can pass the congress. and with that, i will be happy to answer some questions. >> did you think if you talk about some of the revenues, it changes the statement -- you said in a conference call you were best when everybody stuck together. do you foresee those same problems with you start talking about some of these issues? there's already
this will bring jobs home, result in a stronger, healthier economy and a stronger, healthier economy means more americans working and more revenues, which is what the president is seeking. this framework can lead the common ground and i hope the president will respond today in that same spirit. as i said on wednesday, this is an opportunity for the president to lead. this is his moment to engage the congress and work towards a solution that can pass both chambers. earlier this week the...
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Nov 8, 2012
11/12
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economy. so i think those are both very significant concerns, and weighed on investors today ask they obviously responded by selling stocks. >> sreenivasan: we heard late today grooeps passed its austerity measures through its parliament. is that likely to give the markets a bounce? >> yeah, i think you're going to get a bounce and i think that will help give it a little bit of a bounce. i'm a little surprised at the austerity measures. there are a lot of unsettled people in greece. the economy of greece is clearly suffering from the austerity measures that have been imposed on greece, an economy that's in a recession. i think those same kind of concern are about the u.s. imposing fiscal restraint in the form of higher taxes and less spending on our enomy. but i think you'll get a little bit of a bounce tomorrow, yes ?rawr all right, health care thanks for your time. a new storm threatened the northeast today with wind, water and snow. its arrival came just over a week after hurricane sandy ba
economy. so i think those are both very significant concerns, and weighed on investors today ask they obviously responded by selling stocks. >> sreenivasan: we heard late today grooeps passed its austerity measures through its parliament. is that likely to give the markets a bounce? >> yeah, i think you're going to get a bounce and i think that will help give it a little bit of a bounce. i'm a little surprised at the austerity measures. there are a lot of unsettled people in greece....
SFGTV2: San Francisco Government Television
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the sharing economy presents a nuanced situation. individuals are not businesses but are enjoying a new stream of income. we are interested in having that conversation in a way where we can use the new economy to benefit the city as well as individuals who are proactively taking all entrepreneurship in their own hands to leverage their own resources and knowledge to supplement their income. >> at task rabbit, we're looking to partner with the city and generate more awareness around what we do and how consumers and small businesses can get involved. we have a lot of small businesses utilizing the network as a delivery force or on demand labor force, particularly with seasonal businesses. they do not want to have to hire a bunch of full-time employees for a month or two of work. they're able to utilize the task private network to scale up and down. another case we see is for deliveries. suzy cakes uses task rabbit to get her goodies out. these tasks rabbits are using their own vehicles to do the deliveries. it is typically for a quick
the sharing economy presents a nuanced situation. individuals are not businesses but are enjoying a new stream of income. we are interested in having that conversation in a way where we can use the new economy to benefit the city as well as individuals who are proactively taking all entrepreneurship in their own hands to leverage their own resources and knowledge to supplement their income. >> at task rabbit, we're looking to partner with the city and generate more awareness around what...
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Nov 10, 2012
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we will bring jobs home that result in a stronger, healthier economy, and a stronger healthier economy means more americans working and more revenues, which is what the president is seeking. this framework can lead to common ground, and i hope the president will respond today in that same spirit. as i said wednesday, this is an opportunity for the president to lead. this is his moment to engage the congress and work towards a solution that can pass both chambers. earlier this week, the president and i had a short conversation. it was cordial. i think we both understand that trying to find a way to avert the fiscal cliff is important for our country, and i'm hopeful that productive conversations can begin soon so that we can forge an agreement that can pass the congress. and with that, i will be happy to answer questions. [inaudible] >> when the president and i have been able to come to an agreement, there has been no problem getting it passed here in the house. >> you have out what your goal of not having tax rates go up, but you did not lay out a deficit goal. what is the deficit goal
we will bring jobs home that result in a stronger, healthier economy, and a stronger healthier economy means more americans working and more revenues, which is what the president is seeking. this framework can lead to common ground, and i hope the president will respond today in that same spirit. as i said wednesday, this is an opportunity for the president to lead. this is his moment to engage the congress and work towards a solution that can pass both chambers. earlier this week, the...
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Nov 14, 2012
11/12
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FOXNEWS
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we have the worst economy. entitlement out of control and cuts in discretionary spending in defense and high taxes with stalled economy. is that how he wants to have a second term? he is not running again. popularity numbers are irrelevant. he knows if he goes over the cliff he will have the worst second term in the last 50 years. i think the cards are held equally. i heard him say, he was open to other ways to use revenues. new ideas he called it. there is a compromise out there where rates are not raised at all or perhaps redefine what the rich are, say $1 million or up, the chuck schumer idea and get a compromise. >> chris: that is a bit of optimism from charles. let me ask you, fred, where do you think negotiations stand? >> charles and a.b. are drea dreaming. this is the real barack obama. he wants to raise tax on the wealthy. he doubled down on it. he says he wants to compromise, why do you devote your opening statement to using the same stuff he said in the campaign, advocating this tax on wealthy. it's
we have the worst economy. entitlement out of control and cuts in discretionary spending in defense and high taxes with stalled economy. is that how he wants to have a second term? he is not running again. popularity numbers are irrelevant. he knows if he goes over the cliff he will have the worst second term in the last 50 years. i think the cards are held equally. i heard him say, he was open to other ways to use revenues. new ideas he called it. there is a compromise out there where rates...
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another false point for the global economy. dave: a little growth might translate to a lot of disappointment but we will seek as trades come in slightly lower. thank you very much. we are two week from the start of holiday shopping season. retail sales are expected to rise at a slower case than last year. which names should you be betting on and which should you run from? we have the trade. dave: after being on fire following the first presidential debate, coal is going in the opposite direction taking the beating following the president's reelection so how is the industry going to put themselves back on the front burner? the president of the pennsylvania coal alliance has things to say. he will be joining as a fox business exclusive. you see us, at the start of the day. on the company phone list that's a few names longer. you see us bank on busier highways. on once empty fields. everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger a
another false point for the global economy. dave: a little growth might translate to a lot of disappointment but we will seek as trades come in slightly lower. thank you very much. we are two week from the start of holiday shopping season. retail sales are expected to rise at a slower case than last year. which names should you be betting on and which should you run from? we have the trade. dave: after being on fire following the first presidential debate, coal is going in the opposite...
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Nov 14, 2012
11/12
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FBC
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our economy can't afford that right now. certainly no middle class family can afford that right now. and nobody in either party says they want it to happen. the other option is to pass a law right now that would prevent any tax hike whatsoever on the first $250,000 of everybody's income. and by the way, that means every american including the wealthyest americans get a tax cut. it means that 98% of all americans and 97% of all small businesses won't see their taxes go up a single dime. the senate has already passed a law like this. democrats in the hous but, what he said was, even though he didn't give me his vote, he is giving me his support to move this country forward. and he said, the same to his republican representatives in washington. he said that, he will back each of us regardless of party, as long as we work together to make life better for all of us. and he made it clear that if we don't make enough progress he will be back in touch. so my hope, he wrote, is that we can make progress in light of personal party pri
our economy can't afford that right now. certainly no middle class family can afford that right now. and nobody in either party says they want it to happen. the other option is to pass a law right now that would prevent any tax hike whatsoever on the first $250,000 of everybody's income. and by the way, that means every american including the wealthyest americans get a tax cut. it means that 98% of all americans and 97% of all small businesses won't see their taxes go up a single dime. the...
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Nov 10, 2012
11/12
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KQED
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they know the economy is not in a good place. the attack ads against obama were telling them something they didn't already know. what they were seeing was a very slow growth but growth. the numbers were moving in the direction they were supposed to move. >> you're going to believe me or you have lying eyes, right? the other interesting thing to me remember the day before the election, romney said we've left nothing on the field. so the day after, did they look back, the romney folks in their soul searching and say, oh, maybe we did? >> well, i think they know they left something on the field and that was as john suggested that they did not have the money in the middle of the summer to attack from theas from the obama campaign. that was both a reality that they had to deal with but it was also they might have anticipated more smartly. >> but did they ever really catch up? in the fall they said it was a very, very tight race. >> i think after the first debate in denver, the romneyed aors we hope -- romney advisors said we hope that
they know the economy is not in a good place. the attack ads against obama were telling them something they didn't already know. what they were seeing was a very slow growth but growth. the numbers were moving in the direction they were supposed to move. >> you're going to believe me or you have lying eyes, right? the other interesting thing to me remember the day before the election, romney said we've left nothing on the field. so the day after, did they look back, the romney folks in...
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which proved to be crippling for the iranian economy the goal is not to change the iranian government's decision making it's actually leverage ordinary civilians against the iranian government and to threaten to topple the government by inciting you know food riots or you know people who are unhappy because they can't you know their grandparents are dying and can't get medicine and on friday despite president obama's claims the u.s. should move away from the cold war thinking in relations with russia the white house launched its first permanent military presence on polish soil this year has been a constant sword in the side of relations between moscow and washington as the u.s. also plans to install missile interceptors in poland but the president every other democrat that i'm aware of is also made it clear that if we need russia is still we opposed to it still sees it as we're just going to have to go ahead with any of the president's actions so far have shown while he may be talking soft he's acting tough looking at some of president obama's first moves after reelection one could say
which proved to be crippling for the iranian economy the goal is not to change the iranian government's decision making it's actually leverage ordinary civilians against the iranian government and to threaten to topple the government by inciting you know food riots or you know people who are unhappy because they can't you know their grandparents are dying and can't get medicine and on friday despite president obama's claims the u.s. should move away from the cold war thinking in relations with...
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Nov 9, 2012
11/12
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CNBC
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saying, president obama set to lay down his starting points on the fiscal cliff debate and what the economy needs to stay in recovery mode. a setting rich in theater coming just hours after the speaker of the house, boehner, made his case. >> indeed he did, ty. thank you. i'm sue herera, along with my partner tyler mathisen. john harwood and eamon javers are in washington as we countdown to the president's statement in a few minutes. we're hearing that the white house has invited congressional leaders for a meeting at the white house next week on the fiscal cliff. that seems to mean, john, to me anyway, a little bit of progress. what type of tone do you expect, john, the president to take in this next address? >> sue, i expect him to be conciliatory and reaching out to republicans the way john boehner has tried to strike that mode on capitol hill. two different white house specialists just told me the president will walk out here and announce he's invited the bipartisan leadership of congress to the white house next week to begin talks on the fiscal cliff. i have to think there is a possibi
saying, president obama set to lay down his starting points on the fiscal cliff debate and what the economy needs to stay in recovery mode. a setting rich in theater coming just hours after the speaker of the house, boehner, made his case. >> indeed he did, ty. thank you. i'm sue herera, along with my partner tyler mathisen. john harwood and eamon javers are in washington as we countdown to the president's statement in a few minutes. we're hearing that the white house has invited...
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Nov 12, 2012
11/12
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CNBC
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issues over a slowdown in the economy. now we've got this more -- you know, pressure over taxes going higher. where does the growth come from in the economy in 2013? >> that's the easiest part of the question. if you take a look at u.s., it's a three-legged stool. we see growth coming from corporate america because we believe manufacturing in north america, especially big companies joe was talking about, companies with a global footprint, will benefit from a manufacturing renaissance. guess what? volatility in emerging markets is worse than negativity in the u.s. we know what's going on in europe. we think business vomsz will come back to the u.s. in benefit areas especially like technology and industrials. >> gordon, what are you guys on the floor expecting? what was that selloff about last week? was it tax selling? are we going to see more of that? what kind of overflow are you expecting going forward? >> first off let me say by saying it is veterans day being observed down here. i want to give a shout out to irving free
issues over a slowdown in the economy. now we've got this more -- you know, pressure over taxes going higher. where does the growth come from in the economy in 2013? >> that's the easiest part of the question. if you take a look at u.s., it's a three-legged stool. we see growth coming from corporate america because we believe manufacturing in north america, especially big companies joe was talking about, companies with a global footprint, will benefit from a manufacturing renaissance....
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a lot of money is paid out of the economy, and the economy goes from 2% growth right now where it is to about negative 1.5% growth. that would be a recession. as that car gets over that cliff, there will be an average kras, according to the congressional budget office of $3,500 per household in tax increases. this is the spending cuts. this is the bush tax cuts going away. this is the alternative minimum tax patch going away, the payroll tax holidays. $3,500 per household increase. $109 billion in automatic across the board spending cuts will take effect. half of them will be in defense. half of them will be in nondefense. the congressional budget office, the nonpart sflan body says millions of jobs will be lost, a million next year alone. unemployment will jump to % next year, and, of course, we'll be back in that recession. now, in fairness, suzanne, most thinking people don't think we'll get there, but most thinking people thought we would get a resolution to the debt limit earlier than we did too, so faith in washington doing the right thing is a little bit low, but it does sound
a lot of money is paid out of the economy, and the economy goes from 2% growth right now where it is to about negative 1.5% growth. that would be a recession. as that car gets over that cliff, there will be an average kras, according to the congressional budget office of $3,500 per household in tax increases. this is the spending cuts. this is the bush tax cuts going away. this is the alternative minimum tax patch going away, the payroll tax holidays. $3,500 per household increase. $109 billion...
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Nov 14, 2012
11/12
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CSPAN
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if we want our economy to flourish and grow, we must uplift women leadership in our economy. very important. women in the academic world, women in health care, any subject you can name is more wholesome, more successful, more efficient with the involvement of women. and so when women came to the polls, when women came to the polls last week, they registered their support for those who understood the challenges that women face. it's really, really a remarkable thing. under the leadership of the women standing here, the voices of america's mothers, daughters, grandmothers will be heard. women are the breadwinners for our families, in many cases, the small business owners in our community. svent that right, nydia velazquez? and the workers that will spur our prosperity. they're holding jobs. they also are creating jobs as entrepreneurs and owners. and we keep our focus on women's rights, health, equal pay, choice. we know that women are focused on the same issues. all of us are. the economy, jobs, the future of the middle class and the national security of our country. they're c
if we want our economy to flourish and grow, we must uplift women leadership in our economy. very important. women in the academic world, women in health care, any subject you can name is more wholesome, more successful, more efficient with the involvement of women. and so when women came to the polls, when women came to the polls last week, they registered their support for those who understood the challenges that women face. it's really, really a remarkable thing. under the leadership of the...
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Nov 15, 2012
11/12
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KQED
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you have to let it play out and assess what its impact on the economy can be. but the risks right now are to the downside. the sad thing is that as we speak, the economy is actually doing pretty well. >> susie: that's good to hear. as you know, a number of very high-profile c.e.o.s are meeting with the president at the white house today, the c.e.o.s from companies like ibm and xerox and general electric. how much sway do you think these c.e.o.s have over the president? >> if he is smart, he'll listen to them. but that is not the constituenconstituency will eled him. the coalition that elected him supports his hard line on taxes as a percentage of the total package, and he has an obligation -- incidentally, i think an ideological belief that he has to go that way, and that's -- i think that raises the odds of a difficult -- a very difficult period here politically. and while he loyc listens to them and went through the theatrics of having met with them, i don't think they have a lot of influence. you're only hope is that deep down underneath people understand we
you have to let it play out and assess what its impact on the economy can be. but the risks right now are to the downside. the sad thing is that as we speak, the economy is actually doing pretty well. >> susie: that's good to hear. as you know, a number of very high-profile c.e.o.s are meeting with the president at the white house today, the c.e.o.s from companies like ibm and xerox and general electric. how much sway do you think these c.e.o.s have over the president? >> if he is...
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Nov 14, 2012
11/12
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MSNBCW
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our economy can't afford that right now. certainly no middle-class family can afford that right now. nobody in either party says that they want it to happen. the other option is to pass a law right now that would prevent any tax hike whatsoever on the first $250,000 of everybody's income. and by the way, that means every american, including the wealthiest americans, get a tax cut. it means that 98% of all americans and 97% of all small businesses won't see their taxes go up a single dime. the senate has already passed a law like this. democrats in the house are ready to pass a law like this. and i hope republicans in the house come on board too. we should not hold the middle class hostage while we debate tax cuts for the wealthy. we should at least do what we agree on. and that's to keep middle-class taxes low. and i'll bring everyone in to sign it right away so we can give folks some certainty before the holiday season. i won't pretend that figuring out everything else will be easy. but i'm confident we can do it and i know
our economy can't afford that right now. certainly no middle-class family can afford that right now. nobody in either party says that they want it to happen. the other option is to pass a law right now that would prevent any tax hike whatsoever on the first $250,000 of everybody's income. and by the way, that means every american, including the wealthiest americans, get a tax cut. it means that 98% of all americans and 97% of all small businesses won't see their taxes go up a single dime. the...
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Nov 9, 2012
11/12
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KRCB
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ultimately put the economy in the wrong direction. and that's not good for anyone. >> woodruff: at the same time, i'm sure you know there's a body of thought out there that says some of the concern about the fiscal cliff is exaggerated. even if it didn't happen by january 1 that there would still be time to get things worked out that in other words this timetable is not so urgent, really. >> well, i think that's misplaced. american businesses are already planning for 2013. we take our operating budget to our board on november 29 and we're already gaining our investments and pulling back unemployment until we figure out what the macroeconomic environment is going to do next year. so the sooner we know that, the more we can get about hiring people. so the longer it takes, the more difficult it is to be able to turn things around in 2013. >> woodruff: so each side, mr. bertolini, is arguing they've got public opinion on their side. the republicans are saying the pubc isehind them i believing that to raise taxes on the well-to-do people e
ultimately put the economy in the wrong direction. and that's not good for anyone. >> woodruff: at the same time, i'm sure you know there's a body of thought out there that says some of the concern about the fiscal cliff is exaggerated. even if it didn't happen by january 1 that there would still be time to get things worked out that in other words this timetable is not so urgent, really. >> well, i think that's misplaced. american businesses are already planning for 2013. we take...
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Nov 16, 2012
11/12
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CSPAN2
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that would be very positive for the economy. it would be positive in getting confidence that we could work together, and i think it would build greater confidence that we will work out the rest of our difficult issues. but secondly i guess i would just say it this way. there is no reason for us not to work out an agreement. the president, yes, has been firm, that he will not extend the bush tax cuts for those making, for income over 250,000, but he's also been very clear that he wants a balanced deal, that he understands there's got to be entitlement savings and health savings that are part of the package. he's been very clear about that, and he has said it every time that he is spoken that open to new ideas, that this is never going to be his way or the highway. and that, unicom he understands that, as i think you said many times, compromise cannot be a dirty word if you want to move our country forward in a period of divided government. >> gene sperling, you have another important meeting over at 1600 pennsylvania avenue with
that would be very positive for the economy. it would be positive in getting confidence that we could work together, and i think it would build greater confidence that we will work out the rest of our difficult issues. but secondly i guess i would just say it this way. there is no reason for us not to work out an agreement. the president, yes, has been firm, that he will not extend the bush tax cuts for those making, for income over 250,000, but he's also been very clear that he wants a...
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Nov 11, 2012
11/12
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WMAR
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what's choking our economy and what's choking the economy of greece, but, entitlements are choking us and we've got to make the real reforms to make sure that we do it right. we protect these programs and thirdly, speaker boehner said it very well, i thought he showed great leadership that revenues need to be on the table. again, we need to do it in the right way. bowles-simpson said reduce the reductions where you can, lower tax raets by doing that. george, we got to get this economy going again. we have had an outside group ernest and young look at raising of taxes on the highest income earners. we would lose 700,000 jobs in america. is that the kind of economy that this president wants to start out with in his second term? i don't think so. president obama said two years ago, now is not the time with a sluggish economy to raise taxes. we need to consider the fact that folks who started raising taxes on the business creators. there's a right way to do this and there's a wrong way to do it. and speaker boehner was absolutely correct, you have to have revenues on the table. that does
what's choking our economy and what's choking the economy of greece, but, entitlements are choking us and we've got to make the real reforms to make sure that we do it right. we protect these programs and thirdly, speaker boehner said it very well, i thought he showed great leadership that revenues need to be on the table. again, we need to do it in the right way. bowles-simpson said reduce the reductions where you can, lower tax raets by doing that. george, we got to get this economy going...
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Nov 10, 2012
11/12
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CNN
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raising rates is going to sow the economy. this is not the time to raise taxes in the middle of a very weak economy. okay. we understand that. what i was saying before is that they all really understand what the parameters of a macro, big deal would be. they know what you have to do with entitlements. this is not a new discussion for them. they know what you have to do with tax reform. you have simpson bowles sitting out there. what you have to do is get past this question. >> i want to play on a totally different note, a remarkable video that the obama campaign released on the morning after he won his re-election, and he gets very emotional. >> i felt that the work that i've done, in running for office, had come full circle. because you guys have done means that the work that i'm doing. i'm really proud of that. i'm really proud of you. and -- >> it's not often you see the president of the united states crying. >> we have not seen that really from him. political cartoonists sometimes draw him as mr. shock. i think it's just a
raising rates is going to sow the economy. this is not the time to raise taxes in the middle of a very weak economy. okay. we understand that. what i was saying before is that they all really understand what the parameters of a macro, big deal would be. they know what you have to do with entitlements. this is not a new discussion for them. they know what you have to do with tax reform. you have simpson bowles sitting out there. what you have to do is get past this question. >> i want to...
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Nov 16, 2012
11/12
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in the netherlands, the economy contracted in the third quarter. one reason is more and more consumers are cutting back on their spending, fearing tough times ahead. another reason is that businesses are also scaling back. manufacturers also anticipate weaker demand from struggling eurozone partners. >> news of the recession did not pull down the market drastically. our correspondence sent us this report from the frankfurt stock exchange. >> of course it is bad news that the economy and the eurozone slipped into recession, but still, traders managed to find a few positive aspects in the reports. in italy, the contraction was much smaller than what economists had anticipated. france against the odds managed to produceive gross domestic product. this means, for germany, the possibility remains intact that our economy during the current quarter remains in positive territory as well. the biggest-loser shares this thursday were shares of lufthansa. the negotiated pay increase for the cabin crew threatens the cost-cutting targets of the airline, somethin
in the netherlands, the economy contracted in the third quarter. one reason is more and more consumers are cutting back on their spending, fearing tough times ahead. another reason is that businesses are also scaling back. manufacturers also anticipate weaker demand from struggling eurozone partners. >> news of the recession did not pull down the market drastically. our correspondence sent us this report from the frankfurt stock exchange. >> of course it is bad news that the economy...
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Nov 9, 2012
11/12
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MSNBC
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and keeping the economy growing. all of it goes back to the looming fiscal cliff. $700 billion in tax hikes that will take place on january 1st unless there's a deal. >> he's going to reach out in a bipartisan way. . he's going to stick to his position on the revenues, but say we have to work together and i'm willing to do my share and lead my party. >> that 396 referring to the bush tax cuts. to make a deal, the president will need to work with congress, especially house republicans and they have been opposed to tax increases. we will hear from john baoehner too for the republican party. >> raising taxes on small business people is the wrong prescription. >> raising tax rates is unacceptable. and frankly it couldn't even pass the house. putting increased revenues on the table but through reforming our tax code. >> i want to bring in ruth marcus, columnist at "the washington post" and perry bacon, an msnbc contributor. what's your sense of this? are we setting up for a feisty but doable deal? but is it also possible
and keeping the economy growing. all of it goes back to the looming fiscal cliff. $700 billion in tax hikes that will take place on january 1st unless there's a deal. >> he's going to reach out in a bipartisan way. . he's going to stick to his position on the revenues, but say we have to work together and i'm willing to do my share and lead my party. >> that 396 referring to the bush tax cuts. to make a deal, the president will need to work with congress, especially house...
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. >> the economy is not getting better. everyone is talking about the economy in the head it will take because of the storm in the northeast. getting back to the map, the real killers making 40% of the revenue. wal-mart backing up their sales. on thanksgiving and when you hear these things and we talk about 1% growth, it just feels like that. it is a matter of a couple of quarters -- i believe it will get into the textbook of negative growth. neil: do you think they will have a deal by the end of the the year? >> i think it is slightly lesson of 50/50 chance. i think it is 50/50 or worse. that is what the market is showing right now. >> i think the market is sending a message and i think it is only a matter of -- when obama's first term began in 2008, we have four years of gridlock. i think there was a message here. i want to be optimistic that they will get a deal. neil: if the market is doing this, they will be forced to. we will see. we do want to keep you aware of it. we will watch it. there is that. we do have the abil
. >> the economy is not getting better. everyone is talking about the economy in the head it will take because of the storm in the northeast. getting back to the map, the real killers making 40% of the revenue. wal-mart backing up their sales. on thanksgiving and when you hear these things and we talk about 1% growth, it just feels like that. it is a matter of a couple of quarters -- i believe it will get into the textbook of negative growth. neil: do you think they will have a deal by...
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Nov 8, 2012
11/12
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CSPAN
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the foundation of the economy, the rock of our economy, has always been small businesses and the private sector. i ran one of the small businesses and i can tell you raising a small business tax means they do not grow. in small businesses do not grow, our economy does not grow. if our economy does not grow, we do not have a prayer of digging our country out of a hole that we call our national debt. this is like going over part of the fiscal cliff is no solution at all. instead of building a house on sand, let's bill that on iraq. instead of raising small business taxes, -- let's built in on a rock. instead of raising small- business taxes, let's plan for a serious process, focused on substance, not on theatrics. it will require weeks of work, rather than a week and a photo ops. it will not happen around the campfire or in a secret room of some air force base, over 18 holes of golf. this will take time. if we are striving for a solution, i am confident we can get there. mr. president, this is your moment. we are ready to be led. not as democrats or republicans that as americans. we want y
the foundation of the economy, the rock of our economy, has always been small businesses and the private sector. i ran one of the small businesses and i can tell you raising a small business tax means they do not grow. in small businesses do not grow, our economy does not grow. if our economy does not grow, we do not have a prayer of digging our country out of a hole that we call our national debt. this is like going over part of the fiscal cliff is no solution at all. instead of building a...
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Nov 8, 2012
11/12
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LINKTV
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but the same natural forces that sustain the economy are also a source of danger. hoping to avoid a agedy, geographer patty mothes maps and monitors several volcanoes for ecuador's geophysica institute,nclu tunguhua. she is looking for any changes that might signal an eruption. moes and onofhese ways thate hat is to put a prism that's highly reflective, or a number of prisms up on the flanks of the volcano, and then, shooting with this very high-powered laser beam... narrator: the beams reflect off the prisms and back to patty's measuring device. it canetsubthanges in t shapef the mountain, changes that may forecast an eruption and save lives. their concern is based on history. inside a church, a mural recalls a deadly eruption in 1773. it happened again in 1886 and 1918. so why do people live in such a dangerous place? some people simply cannot afford to move, due to limited economic means. re, elshere,sinesses decisions to le near dangerils on attachnte balanced agast the eived risks. but perceptions often tinged . no es peligroso, no... translator: , it'sot goin
but the same natural forces that sustain the economy are also a source of danger. hoping to avoid a agedy, geographer patty mothes maps and monitors several volcanoes for ecuador's geophysica institute,nclu tunguhua. she is looking for any changes that might signal an eruption. moes and onofhese ways thate hat is to put a prism that's highly reflective, or a number of prisms up on the flanks of the volcano, and then, shooting with this very high-powered laser beam... narrator: the beams reflect...
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Nov 15, 2012
11/12
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economy? >> yes, absolutely, martin. because the middle class actually, their spending keeps the economy going. the rich are not the job creators in america. the truth is it's the middle class and the middle class spending that justifies to businesses expanding and creating more jobs. if the middle class is squeezed by additional taxes, if the middle class loses ground as they have been losing ground because the median wage today is 8% lower adjusted for inflation than it was in 2000, if the middle class continues to lose ground, the middle class can't spend. if the middle class can't spend, then we're not going to have more jobs and we're not going to have a better recovery. it's as direct and simple as that. >> excellent. okay. that's a good answer. given the precarious position we're in, history ought to provide some lessons. so i went back to your own book "after shock" where you say the 1990s boom was not the result of a tax cut. most of it followed bill clinton's 1993 tax increase. now, mitt romney has just spent t
economy? >> yes, absolutely, martin. because the middle class actually, their spending keeps the economy going. the rich are not the job creators in america. the truth is it's the middle class and the middle class spending that justifies to businesses expanding and creating more jobs. if the middle class is squeezed by additional taxes, if the middle class loses ground as they have been losing ground because the median wage today is 8% lower adjusted for inflation than it was in 2000, if...
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Nov 14, 2012
11/12
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. >> translator: the economy and energy will be part of the focus of the election. our party will make a manifesto and convey our position to voters. i will explain it to the people after i dissolve the lower house on friday. >> the leadup to the decision played out on wednesday. the prime minister said he was ready to dissolve the lower house if the ldp committed to reducing the number of seats in the house by 234ex year. officials campaigning for the general elections starts on may 4. >> translator: lawmakers don't really care, but the people, the prime minister changes like a resolving door. it's better to give the younger generation a chance another leadership. >> prompted the prime minister to act? making te i . >> there's a big disparity in -- he had fwho executions left. but it took some time >> the lead-up to the decision played out in the diet. abe pointed out the prime minister promised in august to call a general election soon if the diet passed bills related to social security and tax reform. abe said the ldp kept its part of the deal and helped the bill
. >> translator: the economy and energy will be part of the focus of the election. our party will make a manifesto and convey our position to voters. i will explain it to the people after i dissolve the lower house on friday. >> the leadup to the decision played out on wednesday. the prime minister said he was ready to dissolve the lower house if the ldp committed to reducing the number of seats in the house by 234ex year. officials campaigning for the general elections starts on...
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on the pinball tilt and this in fact came up a few years ago for the global economy in two thousand and eight a gigantic killed if the moon or lit up with pinball types of machinery it would have said tilt tilt tilt to alert the world that in fact did global economy was crashing but however the purveyors of the global banking system played oh i'm. well they're playing on this game of pinball in iceland and i wanted to look at this because the government authorities there are trying to get the balls to go into the right holes in the pinball game and it's not quite working iceland sees bubble threat from foreign investor cash mortgages so max apartment prices have soared seventeen percent since april two thousand and ten are now just one point seven percent below the pre-crisis peak in march of two thousand and eight the boom stems from currency restrictions imposed in two thousand and eight to prevent the collapse of the current after the country's biggest banks defaulted on eighty five billion dollars of debt so housing bonds are the place where all these investors who've been trapped i
on the pinball tilt and this in fact came up a few years ago for the global economy in two thousand and eight a gigantic killed if the moon or lit up with pinball types of machinery it would have said tilt tilt tilt to alert the world that in fact did global economy was crashing but however the purveyors of the global banking system played oh i'm. well they're playing on this game of pinball in iceland and i wanted to look at this because the government authorities there are trying to get the...
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Nov 16, 2012
11/12
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CNBC
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spending as a share of gdp is the real tax burden on the economy. so i want to get spending as a share of the economy as low as possible. i'm not hearing that. i'm, in fact, hearing, senators on both sides of the aisle, democrats and republicans, and you know who they are, who are saying, let's not do the across-the-board automatic cuts, let's not do the sequestration. there are senators saying, we're going to throw sequestration out. obama said it during the debates and i think he implied that at the press -- we're going to throw those $1.2 trillion spending cuts out. what is that all about? how does that serve the taxpayers? >> ki tell you, we need to do what we did in the house. if we're not going to cut defense -- i do believe sequestration takes defense cuts too far. but if we're not going to do that, we better darn well hit those spending targets and then some by cutting spending elsewhere. and that's why in the house, we proposed taking those cuts and doing them elsewhere. we have to do that. these spending targets that the sequestration actu
spending as a share of gdp is the real tax burden on the economy. so i want to get spending as a share of the economy as low as possible. i'm not hearing that. i'm, in fact, hearing, senators on both sides of the aisle, democrats and republicans, and you know who they are, who are saying, let's not do the across-the-board automatic cuts, let's not do the sequestration. there are senators saying, we're going to throw sequestration out. obama said it during the debates and i think he implied that...
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Nov 11, 2012
11/12
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CSPAN
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there are other issues on the economy. 70% to 20% said that they trusted the economy. that should not be their goal. their goal should be to hit the 40% level that w. was able to do. that will make them competitive. and they need to also created goal for blacks. they cannot conceive 97% of the black vote. start with 12%, 17%, something. they need to make inroads. is unrealistic to say let's go for hispanics. if they can get to the 38% range, they can be competitive. in the same way, we're talking about the democratic problem with whites. >> in 2013, there is a big deal. comprehensive immigration reform was taken off the table. how far does this get you with this next emerging electorate? what else does the party have to do to get back to the kind of numbers that bush saw? >> is a step in the right direction, but it is far from the whole thing. it is basically ronald reagan mindset that says we welcome anyone who shares our values and our desire for lower taxes. bill back and listen to some of ronald reagan's rhetoric. -- go back and listen to some of ronald reagan's rh
there are other issues on the economy. 70% to 20% said that they trusted the economy. that should not be their goal. their goal should be to hit the 40% level that w. was able to do. that will make them competitive. and they need to also created goal for blacks. they cannot conceive 97% of the black vote. start with 12%, 17%, something. they need to make inroads. is unrealistic to say let's go for hispanics. if they can get to the 38% range, they can be competitive. in the same way, we're...
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Nov 16, 2012
11/12
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KQED
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economy and housing market. james schrager is a management professor at the university of chicago's booth school. he says the expansions here could also underscore chrysler and fiat c.e.o. sergio marchionne's pessimism about europe. >> in the u.s., he is implementing well, making good cars with designs people want to buy, but when the market it is here, you spend your capital dollars here. >> reporter: fiat bought a stake in chrysler after it emerged from bankruptcy three years ago. since then, it's invested nearly $5 billion in u.s. plants and added 6,000 workers. >> and chrysler has been the cac auto industry. it's been ringing up month after month in both cars and trucks. >> it's interesting there is ad. are people interested in buying trucks like the dodge rams you are standing next to given the price of gas these days. >> that took a hit during there. a lot of builders that buy trucks stopped by them. we are seeing the housing march coat tur -- market turn around. we saw the dodge pick up sales up 20%. that
economy and housing market. james schrager is a management professor at the university of chicago's booth school. he says the expansions here could also underscore chrysler and fiat c.e.o. sergio marchionne's pessimism about europe. >> in the u.s., he is implementing well, making good cars with designs people want to buy, but when the market it is here, you spend your capital dollars here. >> reporter: fiat bought a stake in chrysler after it emerged from bankruptcy three years ago....
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Nov 12, 2012
11/12
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CNBC
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economy to the brink of collapse. in its aftermath, some of the country's biggest banks received very big bailouts while large numbers of small local banks failed. this edition features a unique inside look at the seizure of a failed bank and a rare interview with one of the men at the center of the 2008 economic crisis and the recovery plan that has followed, the chairman of the board of governors of the federal reserve system, ben bernanke. plus, morley safer asks, "can america afford the lincoln penny?" well, we begin with bernanke. after the crash of '08, bernanke invoked emergency powers, and with unprecedented aggressiveness, he's thrown more than $1 trillion at the crisis. the words of any fed chairman cause fortunes to rise and fall, and so by tradition, chairmen of the fed do not do interviews. that is, until march of 2009 when ben bernanke sat down with scott pelley. >> mr. chairman, i'm gonna start with a question that everyone wants me to ask. when does this end? >> it depends a lot on the financial system
economy to the brink of collapse. in its aftermath, some of the country's biggest banks received very big bailouts while large numbers of small local banks failed. this edition features a unique inside look at the seizure of a failed bank and a rare interview with one of the men at the center of the 2008 economic crisis and the recovery plan that has followed, the chairman of the board of governors of the federal reserve system, ben bernanke. plus, morley safer asks, "can america afford...
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Nov 9, 2012
11/12
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CNBC
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the economy will drive housing. if we get the economy going, housing clearly turns. if it goes back to normal building, 1.3 million units a year, which most economists say we're going to have to do soon. remember, we've added 15 million americans in the last five years or so. that's going it add 2 million jobs right there. so housing could become the thing that starts driving, help drive the economy if we get this economy going. >> isn't the industry still working through a lot of assets? isn't the industry still looking at the housing recovery largely a function of refinancing? how do you get new private money going into the mortgage market? >> so we are -- people who do mortgage are doing a lot of purchase mortgages and re-fi. 4.5 million homes are being sold a year. mortgage is still a little tight. i think one of the things that would be really good, the regulators, legislators, and businesses fix as soon as we can, what are the new rules around mortgages? it is too it tight. appraisals are too tight. income appraisals are too tight. underwriting is too tight. we
the economy will drive housing. if we get the economy going, housing clearly turns. if it goes back to normal building, 1.3 million units a year, which most economists say we're going to have to do soon. remember, we've added 15 million americans in the last five years or so. that's going it add 2 million jobs right there. so housing could become the thing that starts driving, help drive the economy if we get this economy going. >> isn't the industry still working through a lot of assets?...
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Nov 14, 2012
11/12
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CSPAN2
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so the economy is also bottom. i think it's a bigger deal than, now, we shouldn't be rushed into making bad grand bargain. that's clear, but we should be concerned in my view about falling off the cliff. >> the bigger the deal deal the more opportunity, as well as the bigger the risk of bad things happening, sort of my perspective on for a good deal. starts there. spent i'm very sympathetic this morning. one point of fact, the budget medicare part d program passed in 2003, the cbp chart shows early did not include any budget impact from that, pretty legit. even chuck grassley, senator grassley played a major role in passing that law, said later when he been asked why didn't pay for, he said at the time, not pay for things. which is one of the single most outrageous statements in the last 10 years but that was the largest expansion in a generation. it was a really big deal. it wasn't paid for. i was working a lot on transparency at the time, was one of the least read and most ill put together bills bills by the cong
so the economy is also bottom. i think it's a bigger deal than, now, we shouldn't be rushed into making bad grand bargain. that's clear, but we should be concerned in my view about falling off the cliff. >> the bigger the deal deal the more opportunity, as well as the bigger the risk of bad things happening, sort of my perspective on for a good deal. starts there. spent i'm very sympathetic this morning. one point of fact, the budget medicare part d program passed in 2003, the cbp chart...
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Nov 14, 2012
11/12
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FOXNEWSW
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economy. jobs are created by small business in this country. they should be represented here. the national federation of independent business, groups of small businessmen and women. they really make this country work. it is unfortunate that he would choose to work with people who represent such a small percentage of the economy. that is the union leaders. we are talking about 12 or 15%, depending on how you calculate it, the entire workforce. small business creates jobs. it drives the economy. these are the folks, and this may play some part in the fact that they haven't been invited to today's soirÉe, they are the folks that will be paying those taxes that he is about to raise if he has his way. megyn: i mentioned a moment ago that the union leaders including richard trumka, supposedly they came out and said we don't want them touching medicare and in medicare and social security, they don't want any of these so-called entitlement programs to be adjusted. i'm not talking about people that ar
economy. jobs are created by small business in this country. they should be represented here. the national federation of independent business, groups of small businessmen and women. they really make this country work. it is unfortunate that he would choose to work with people who represent such a small percentage of the economy. that is the union leaders. we are talking about 12 or 15%, depending on how you calculate it, the entire workforce. small business creates jobs. it drives the economy....
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Nov 11, 2012
11/12
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FBC
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bad for the short-term economy. captital gains and dividends tax is raised it will be bad for the stock market. >> investors will be discouraged from paying in to the stocks especially those with the dividends. >> as stupid as congress is. they have to do something about it and reach across the aisle and eventually find a solution for this. john makes a point about this in the sense that there is it of course in a 401 k your cash does grow without taxes and sooner or later it is taxes. >> the point you are making is good. you will have to look for something else and the stock market will suffer. it is uncertainty. >> and going back to the value of these tocks. they are going down. >> that's the concern . we need to be clear that dividendses . it is it a dividends tax. and when they figure it out and they will. let's be clear. we are jumpinglet gun here. they are. they got to compromise and i have to be marsha brady on this and believe in a compromise. go revisit and reallocate it. >> johnathon. >> viewers are in a t
bad for the short-term economy. captital gains and dividends tax is raised it will be bad for the stock market. >> investors will be discouraged from paying in to the stocks especially those with the dividends. >> as stupid as congress is. they have to do something about it and reach across the aisle and eventually find a solution for this. john makes a point about this in the sense that there is it of course in a 401 k your cash does grow without taxes and sooner or later it is...
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find out what's really happening to the global economy. headlines. there's a report. again israel's military both its northern and southern front is right now this weekend the country's fod into syria in response to a mortar attack on the golan heights televisa warning of tougher action against militants in gaza to offer salvos from the palestinian territory fall asleep as the latest. only on sunday afternoon israel fired into syrian territory for the first time since the nine hundred seventy three war as spoke earlier with the israeli defense forces spokesperson unit who did confirm that these warning shots took place he said that they were in response to a mortar shell for link near and the israeli military post in the golan heights now these ladies do not believe that they were the target they do believe that the shell was part of the byproduct of the internal fighting taking place in syria between forces loyal to side and rebel fighters but the army is saying that it won't tolerate more attacks from syria that violates the disengagement agreement between israel an
find out what's really happening to the global economy. headlines. there's a report. again israel's military both its northern and southern front is right now this weekend the country's fod into syria in response to a mortar attack on the golan heights televisa warning of tougher action against militants in gaza to offer salvos from the palestinian territory fall asleep as the latest. only on sunday afternoon israel fired into syrian territory for the first time since the nine hundred seventy...